Overview

Performance

Distributions

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

KBA is benchmarked to the MSCI China A 50 Connect Index, consisting of 50 large-cap Shanghai and Shenzhen listed stocks (A-shares) available through Stock Connect. A key feature of this Index is that it offers the first officially recognized Futures contracts for Stock Connect-eligible A-shares, representing a powerful risk management tool that makes its underlying stocks attractive to international investors. KBA focuses on the largest, most liquid stocks, which receive most foreign interest and inflows and may benefit from increased global investment in China’s onshore market over the long term.

MSCI China A 50 Connect Index Features:

  • Designed to meet the requirements of the growing number of investors in China’s mainland A-share markets.
  • In addition to offering high correlation to broad China A-share benchmarks1, the MSCI China A 50 Connect Index may offer greater liquidity and investability due to its balanced sector weighting methodology and focus on China’s largest, most liquid securities.
  • An expected reduction in tracking error and bid-ask spreads given that market makers can directly hedge exposure with Futures.

China A-Share Internationalization Highlights:

  • China A-Shares are vastly underrepresented in global indexes. While the United States has a weight of 58.67% in the MSCI All Country World Index, China only has a weight of 4.85%1
  • MSCI is realigning China’s overall weight in their Global Standard Indexes through an incremental inclusion process. Upon completion, China A-shares are predicted to account for about 20% of the MSCI Emerging Market (EM) Index1.
  • Greater accessibility and inclusion in global indexes has led to significant foreign inflows into the China A-share market over the past several years.

**Formerly the KraneShares Bosera MSCI China A Share ETF

1.) Data from MSCI as of 30/Sept/2021.

Premium Discount Chart

Daily Performance

Data as of 02/26/2024
Daily Net Asset Value (NAV) and Market Price
NAV $20.57
NAV Daily Change -1.63%
Market Price $20.52
Market Price Daily Change -1.82%
30 Day Median Bid/Ask Spread
0.1%

Performance History

Cumulative %
Data as of: 01/31/2024
Fund NAV Closing Price Index
1 Month -7.51% -7.44% -7.45%
3 Month -8.78% -9.17% -8.61%
6 Month -21.33% -21.32% -21.17%
YTD -7.51% -7.44% -7.45%
Since Inception 28.31% 28.34% 40.37%
Avg Annualized %
Data as of month end: 01/31/2024
Fund NAV Closing Price Index
1 Year -30.80% -31.41% -30.37%
3 Year -17.68% -17.59% -17.07%
5 Year 0.32% 0.01% 1.03%
Since Inception 2.55% 2.55% 3.48%
Avg Annualized %
Data as of quarter end: 12/31/2023
Fund NAV Closing Price Index
1 Year -17.10% -16.77% -16.61%
3 Year -14.46% -14.44% -13.85%
5 Year 3.69% 3.77% 4.44%
Since Inception 3.39% 3.38% 4.33%

*Fee waivers are contractual and in effect until August 1, 2024

The Hybrid KBA Index consists of the MSCI China A Index from the inception of the Fund through October 23, 2014, the MSCI China A International Index from October 23, 2014 through December 26, 2017, the MSCI China A Inclusion Index from December 26, 2017 to May 29, 2019, the MSCI China A Index from May 29, 2019 to January 5, 2022, and the MSCI China A 50 Connect Index going forward.

Performance shown for periods before January 5, 2022, reflects that of the prior Fund. Future performance may be different than past performance due to changes, including investment objectives and principal investment strategies. Additionally, before January 5, 2022, the Fund previously sought to track the performance of a different Index before fees and expenses.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

Ex-Date Record Date Payable Date Amount

Future calendar dates are subject to change. There is no guarantee that dividends will be paid. Past distributions are not indicative of future trends. This material is provided for educational purposes only and does not constitute investment advice.

Distributions are issued to brokers on the payable date, and are subject to broker payment schedules.

Distribution History

2023 Distributions
Ex-Date Record Date Payable Date Amount
12/18/2023 12/19/2023 12/20/2023 0.484915
2022 Distributions
Ex-Date Record Date Payable Date Amount
12/14/2022 12/15/2022 12/16/2022 6.251418
2021 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2021 12/30/2021 12/31/2021 3.936370
2020 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2020 12/30/2020 12/31/2020 0.297564

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2019 Distributions
Ex-Date Record Date Payable Date Amount
12/27/2019 12/30/2019 12/31/2019 0.498718
2018 Distributions
Ex-Date Record Date Payable Date Amount
12/26/2018 12/27/2018 12/28/2018 0.519894
12/27/2018 12/27/2018 12/28/2018 0.402905
2017 Distributions
Ex-Date Record Date Payable Date Amount
12/20/2017 12/19/2017 12/22/2017 0.181784
2016 Distributions
Ex-Date Record Date Payable Date Amount
12/30/2016 12/28/2016 12/31/2016 0.460371
2015 Distributions
Ex-Date Record Date Payable Date Amount
06/30/2015 06/26/2015 07/01/2015 0.050048
12/30/2015 12/28/2015 12/31/2015 0.414600
12/30/2015 12/30/2015 12/31/2015 9.510225
2014 Distributions
Ex-Date Record Date Payable Date Amount
12/30/2014 12/26/2014 12/31/2014 0.050048

Growth of $10,000

Data as of 02/26/2024

The Growth of $10,000 chart reflects an initial investment of $10,000 on the day prior to the selected time period and assumes reinvestment of dividends and capital gains. For the growth of $10,000 chart since inception, the initial investment of $10,000 is instead made on the inception date of the Fund. Fund expenses, including management fees and other expenses were deducted. The growth of a $10,000 investment in the fund is hypothetical and for illustration purposes only. Fund performance data used in this chart is based on Fund NAV and represents past performance. Past performance does not guarantee future results.

Top 10 Holdings

Data as of 02/26/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 KWEICHOW MOUTAI CO LTD-A 7.59% 600519 CNE0000018R8 62,789 14,757,422
2 CONTEMPORARY A-A 5.83% 300750 CNE100003662 524,215 11,339,574
3 WANHUA CHEMIC-A 5.26% 600309 CNE0000016J9 959,699 10,220,182
4 ZIJIN MINING-A 5.10% 601899 CNE100000B24 5,441,792 9,922,704
5 FOXCONN INDUST-A 4.25% 601138 CNE1000031P3 3,368,300 8,252,959
6 BYD CO LTD -A 3.63% 002594 CNE100001526 273,700 7,059,112
7 CHINA MERCHANTS BANK-A 3.63% 600036 CNE000001B33 1,576,867 7,051,591
8 CHINA YANGTZE-A 3.57% 600900 CNE000001G87 2,005,270 6,937,544
9 LUXSHARE PRECI-A 3.51% 002475 CNE100000TP3 1,795,550 6,829,449
10 LONGI GREEN EN-A 2.81% 601012 CNE100001FR6 1,904,503 5,461,282

Holdings are subject to change.